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Recycling Market Development Zone Revolving Loan Program
Department of Resources Recycling and Recovery
Status:
Active
August 3, 2020
Posted:
Deadline:
Rolling
Funding
Program:
Dependant on number of submissions received, application process, etc.
Award Floor:
Ceiling:
Match Required?
Eligibility
California
States:
Entity Types:
Small Businesses, For profit organizations other than small businesses, Nonprofit, City or township governments, County governments, Independent School Districts
The Recycling Market Development Zone (RMDZ) program combines recycling with economic development to fuel new businesses, expand existing ones, create jobs, and divert waste from landfills. ; The Department of Resources Recycling and Recovery (CalRecycle) administers a Recycling Market Development Zone Loan Program to encourage California-based recycling businesses located within California financing businesses that prevent, reduce, or recycle recovered waste materials through value-added processing or manufacturing. The purpose and importance of the RMDZ Program is set forth in Section 42001 of the California Public Resources Code: “The purpose of this chapter [is] to stimulate the use of postconsumer waste materials and secondary waste materials generated in California as raw materials used as feedstock by private business, industry, and commerce.”